Oligopoly Pricing: Old Ideas and New Tools

di Xavier Vives (Autore)

MIT Press Ltd, 2001

The "oligopoly problem"-the question of how prices are formed when the market contains only a few competitors-is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field-including those of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson-to modern game theory. In his discussion of basic game-theoretic tools and equilibrium, he pays particular attention to recent developments in the theory of supermodular games. The middle section of the book, an in-depth treatment of classic static models, provides specialized existence results, characterizations of equilibria, extensions to large markets, and an analysis of comparative statics with a view toward applied work. The final chapters examine commitment issues, entry, information transmission, and collusion using a variety of tools: two-stage games, the modeling of competition under asymmetric information and mechanism design theory, and the theory of repeated and dynamic games, including Markov perfect equilibrium and differential games.

• Autore: Xavier Vives
• Editore: MIT Press Ltd
• Collana: The MIT Press
• Anno: 2001
• Rilegatura: Paperback / softback
• Pagine: 442 p.
• Dimensioni: 229 x 152 mm
• Peso: 590 gr.
• EAN: 9780262720403

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